Endava PLC Sponsored ADR (NYSE:DAVA) Receives Average Recommendation of “Hold” from Analysts

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have been given an average rating of “Hold” by the eleven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $16.4286.

DAVA has been the subject of a number of research reports. Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. William Blair cut Endava from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Endava in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Finally, Wall Street Zen lowered shares of Endava from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd.

Endava Stock Performance

NYSE:DAVA opened at $6.65 on Monday. The firm’s fifty day simple moving average is $6.64 and its 200-day simple moving average is $9.71. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.34. The stock has a market cap of $373.97 million, a PE ratio of 33.27 and a beta of 1.24. Endava has a fifty-two week low of $6.02 and a fifty-two week high of $34.94.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DAVA. Perennial Advisors LLC acquired a new stake in Endava during the 4th quarter valued at $63,000. Advisory Services Network LLC purchased a new stake in shares of Endava in the third quarter valued at $28,000. Woodline Partners LP acquired a new stake in shares of Endava during the third quarter valued at $275,000. Verition Fund Management LLC purchased a new stake in Endava during the 3rd quarter worth about $1,401,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Endava in the 3rd quarter valued at about $1,076,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.